Texas Tax Code

§ 162.506 — ALLOCATION OF COMPRESSED NATURAL GAS AND LIQUEFIED NATURAL GAS TAX

TX § 162.506Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 162. MOTOR FUEL TAXES · Art. F. ALLOCATION OF TAXES

Statute text

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On or before the fifth workday after the end of each month, the comptroller, after making deductions for refund purposes and for the administration and enforcement of this chapter, shall allocate the remainder of the taxes collected under Subchapter D-1 as follows:

(1)one-fourth of the taxes shall be deposited to the credit of the available school fund; and

(2)three-fourths of the taxes shall be deposited to the credit of the state highway fund.

Legislative history

Added by Acts 2013, 83rd Leg., R.S., Ch. 990 (H.B. 2148), Sec. 5, eff. September 1, 2013.